Look at the funds, not the talk: $TA 5 minutes of plunging, down 3.24%
To judge the quality of the sell orders, I’ll first watch two details:
· During the decline, are there large sell orders in a continuous block
· After price drops to the lower level, are there large buy orders stepping in
Comparison: 24h trading volume is $62.34 million, 24h -21.7%. Both are present, often indicating a washout (bullion cleansing); if only the first is present, be cautious that there may be another leg ahead.
#TA
The above is a compilation of publicly available information—please verify it yourself.
To judge the quality of the sell orders, I’ll first watch two details:
· During the decline, are there large sell orders in a continuous block
· After price drops to the lower level, are there large buy orders stepping in
Comparison: 24h trading volume is $62.34 million, 24h -21.7%. Both are present, often indicating a washout (bullion cleansing); if only the first is present, be cautious that there may be another leg ahead.
#TA
The above is a compilation of publicly available information—please verify it yourself.